Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Business

Sun, May 03, 2026 07:34 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Huawei selling budget smartphone brand to focus on high-end phones

Oct 16, 2020 01:44 am UTC| Business

Huawei Technologies is in talks with several potential buyers of its budget Honor smartphone unit in a deal that could reach $3.7 billion, as it resets its priorities due to US sanctions. Among the potential buyers is...

The growing cost to clean up abandoned and orphaned wells

Oct 15, 2020 14:17 pm UTC| Business

Lately, theres been growing concern over the number of abandoned oil and gas wells in Alberta, British Columbia and Saskatchewan. Many of these wells are on farms, ranches or forests, and leaks from aging wells risk...

LG Chem to declare cash dividends to appease protesting investors

Oct 15, 2020 04:04 am UTC| Business

LG Chem will offer cash dividends of at least 10,000 won per common share over the next three years to appease investors protesting the companys move to split off its battery business division as a wholly-owned subsidiary...

Ford postpones plug-in Escape production after SUV fires in Europe

Oct 15, 2020 03:33 am UTC| Business

Ford has delayed manufacturing its plug-in hybrid Escape until next year after some of its SUVs of another model that use the same battery cells, the Kuga, caught fire in Europe. The Kuga, Fords most popular SUV in...

Maersk to abolish 2,000 jobs amid growing freight demand

Oct 15, 2020 03:10 am UTC| Business

Maersk announced plans to cut 2,000 jobs due to a major reorganization, where it would integrate its in-land logistics and seaborne container businesses. Maersk currently has around 80,000 employees. The company is...

Goldman Sachs nearly doubles profit to $3.5 billion

Oct 15, 2020 02:47 am UTC| Business

Goldman Sachs Group Inc. on Wednesday nearly doubled its overall profit to $3.5 billion from $1.8 billion a year ago, or $9.68 per share, up from $4.79 per share in the third quarter of last year and smashing average...

SK Telecom to develop 5G-based smart ports

Oct 15, 2020 01:39 am UTC| Business

SK Telecom Co. will develop a testbed for a smart port that uses 5G-powered services by partnering with the Ministry of Oceans and Fisheries and the Busan Port Terminal Corp. The three parties, which have signed a...

3121 3122 3123 3124 3125 3126 3127 3128 3129 3130

Economy

Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts

Chicago Federal Reserve President Austan Goolsbee has cautioned that recent inflation data presents a challenge for the U.S. central bank, reinforcing a cautious stance on potential interest rate cuts. Speaking in a recent...

Trump Rejects Iran Proposal as Tensions Persist Amid Fragile Ceasefire

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal for renewed talks, signaling continued deadlock in efforts to resolve the ongoing U.S.-Iran conflict. Despite a ceasefire reached on...

EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports

The European Commission signaled it is prepared to defend its economic interests after the United States threatened to impose new tariffs on European vehicles, raising concerns over a potential escalation in transatlantic...

Wall Street Mixed as Apple Earnings Boost Nasdaq and Oil Prices Ease

U.S. stock market performance ended mixed on Friday, with major indices showing resilience despite ongoing geopolitical tensions and fluctuating oil prices. The SP 500 and Nasdaq Composite posted gains, while the Dow Jones...

Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns

Gold prices edged slightly lower on Friday, hovering near one-month lows after a volatile trading session. The precious metal continues to face pressure following consecutive monthly declines, as global economic...

Politics

Trump Signals Major U.S. Troop Reduction in Germany Amid NATO Tensions and Trade Disputes

U.S. President Donald Trump announced plans to significantly reduce the American military presence in Germany, going well beyond the previously proposed withdrawal of 5,000 troops. Speaking briefly to reporters before...

Peru Election Results Under Scrutiny as JNE Calls for Comprehensive IT Audit

Perus National Jury of Elections (JNE) has officially requested a comprehensive and exhaustive IT audit of the ongoing general election results, intensifying focus on transparency and electoral integrity in the country....

Trump Signals Possible Renewal of U.S. Strikes on Iran

U.S. President Donald Trump stated on Saturday that the United States could potentially resume military strikes on Iran, highlighting ongoing tensions between the two nations. Speaking to reporters in West Palm Beach,...

Kim Jong Un Highlights Youth Role in North Korea’s Military and Political Agenda

North Korean leader Kim Jong Un recently met with delegates from the ruling partys youth league congress in Pyongyang, reinforcing the governments focus on young people as a driving force behind national development and...

Russian Forces Advance Toward Kostiantynivka as Fighting Intensifies in Eastern Ukraine

Russian troops are steadily advancing toward the strategic city of Kostiantynivka in Ukraines eastern Donetsk region, signaling a renewed push to gain ground near one of Ukraines most heavily fortified defensive zones....

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats

U.S. cybersecurity officials are exploring significantly shorter deadlines for fixing critical vulnerabilities in government IT systems, driven by growing concerns that hackers are leveraging advanced artificial...

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...

Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island

Taiwan has activated emergency backup communications for Dongyin, its northernmost and strategically important island, after an undersea cable was damaged due to shifting shipwreck debris caused by severe weather. The...

Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings

Meta Platforms has increased its full-year capital expenditure guidance for 2026, signaling continued aggressive investment in artificial intelligence infrastructure despite rising costs and market concerns. The company...